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House bill · H.R. 4437 (119th Congress)

SMART Act of 2025

U.S. House of Representatives

Latest action May 13, 2026

Sponsor: William R. Timmons IV (U.S. Representative, SC-4, Republican)

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From Congress.gov and official rosters. This record was last updated Aug 3, 2026. About our data

Summary

Supervisory Modifications for Appropriate Risk-based Testing Act of 2025 or the SMART Act of 2025 This bill limits the scope of certain examinations and combines oversight procedures for certain small depository institutions and credit unions. Specifically, depository institutions and credit unions that are considered well-capitalized and well-managed (per their most recent examination) with assets of $6 billion or less must receive a limited-scope examination, as determined by the appropriate federal regulator, in the year following a full-scope examination. In addition, upon request by the depository institution or credit union, the regulator must combine separate compliance examinations (e.g., safety and soundness examinations and information technology examinations) and perform them at the same time. The bill provides exceptions for recently acquired depository institutions and for depository institutions and credit unions subject to certain formal enforcement proceedings or orders.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic1

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Related bills

As identified by Congress.gov.

Full history

  1. May 13, 2026

    In committee

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    U.S. House

  2. May 13, 2026

    Sent to the executive

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    U.S. Senate

  3. May 12, 2026

    Considered Under Suspension of the rules. (consideration: cr H3353-3356)

    Considered under suspension of the rules. (consideration: CR H3353-3356)

  4. May 12, 2026

    Considered Under Suspension of the rules. (consideration: cr H3353-3356)

    Considered under suspension of the rules. (consideration: CR H3353-3356)

  5. May 12, 2026

    Considered Under Suspension of the rules. (consideration: cr H3353-3356)

    Considered under suspension of the rules. (consideration: CR H3353-3356)

Show full history (20 earlier events)
  1. May 12, 2026

    Debate - the House Proceeded With Forty Minutes of Debate on H.R. 4437.

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.

    U.S. House of Representatives

  2. May 12, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  3. May 12, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  4. May 12, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  5. May 12, 2026

    Passed a chamber

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)

    U.S. House of Representatives

  6. Sep 8, 2025

    Placed on the Union Calendar, Calendar No. 206.

  7. Sep 8, 2025

    Placed on the Union Calendar, Calendar No. 206.

  8. Sep 8, 2025

    Placed on the Union Calendar, Calendar No. 206.

  9. Sep 8, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.

  10. Sep 8, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.

  11. Sep 8, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.

  12. Jul 22, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  13. Jul 22, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  14. Jul 22, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  15. Jul 22, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.

  16. Jul 22, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.

  17. Jul 22, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.

  18. Jul 16, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  19. Jul 16, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  20. Jul 16, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

Read the record